What is the Value of 20 Pips for Mini Account? - How Many Dollars is 20 Pips for Mini Account?

How to Calculate 20 Pips Value Profit and Loss in a Mini Account

1 pip is the smallest currency pair movement used when trading currencies.

1 pip movement when trading Mini lots is equal to $1 dollars (10,000 units of currency * 0.0001 = $1 )

For Example if EURUSD moves from 1.2000 to 1.2001 this is equal to 1 pip - 1 pip is the 4th decimal place in the fx quote.

Therefore, for 20 Pips Move in a Mini Account the profit or loss will be equal to:

20 pips* $1 per pip = $20

Therefore, 20 pips move for Mini lot is equal to $20 dollars